Riyadh, Saudi Arabia – Al Menu, a leading company specializing in restaurant operations management, has announced the successful closing of a SAR 38 million funding round. The round was led by Al Majdiah Investment, alongside other key investors, and is set to fuel Al Menu’s ambitious expansion plans within the Kingdom’s rapidly growing hospitality sector. […]
Riyadh, Saudi Arabia — September 2024 — Mila Celebrations, a tech-powered event planning platform founded in early 2024, has successfully raised SAR 850,000 ($227,000) in a pre-seed funding round from angel investors. The funding is set to bolster the company’s ambitious plans to transform the event management industry in Saudi Arabia by expanding its service […]
Jeddah, Saudi Arabia – Shift, a Saudi-based company specializing in smart transportation and logistics services, has successfully raised $82.8 million (SAR 310.8 million) in a seed funding round led by Merak Capital. This significant investment aims to accelerate Shift’s growth and further its innovative solutions, positioning the company as a key player in the Kingdom’s […]
Riyadh, Saudi Arabia – September 2024 – Darent Platform, a leading vacation rental platform in Saudi Arabia, has successfully closed a significant seed funding round led by Al Tawuniya Insurance, with participation from the Morgan Stanley Inclusive Ventures Lab and BIM Ventures. This milestone investment further cements Darent’s position as a key player in the […]